BinSentry, a company specializing in AI-based sensors for agricultural feed supply chains, has secured $50 million in Series C funding, led by Lead Edge Capital. The company’s solar-powered and self-cleaning sensors provide 99% accurate real-time feed monitoring, reducing manual checks and preventing outages.
The technology, used by major firms such as Cargill, Wayne-Sanderson Farms, and Hanor, helps forecast demand, cut waste, and increase profitability. BinSentry is growing at a 100% year-over-year rate, has zero customer churn, and monitors over 40,000 bins across North America and Brazil.
Paul Bell, a former Dell executive, joins the Board of Directors to support the company’s scaling efforts.
KEY QUOTES:
“We’ve been closely monitoring parts of the agriculture supply chain that have historically been underserved by software in anticipation of large agricultural companies needing better tools for cost savings, forecasting, and operational efficiency. BinSentry is exactly the kind of company we look for: a proven business with real customer traction using AI, real-time data, and automation to solve critical problems. As the agtech sector matures, companies like BinSentry with strong fundamentals and clear ROI are best positioned to lead the next wave of innovation.”
Aaron Darr, Principal at Lead Edge Capital
“At BinSentry, our mission is to bring innovation, precision and visibility to one of agriculture’s most overlooked but critical challenges: feed logistics. Our best-in-class sensors ensure large agricultural companies, feed mills, and their customers get the right feed at the right time, every time. With the support of our investors, we’re continuing to expand globally and offering our customers flexible options like a lifetime product warranty and no upfront costs. We’re proud to partner with Lead Edge Capital as we continue helping some of the largest agricultural companies in the world operate more efficiently, safely, and profitably.”
Ben Allen, CEO of BinSentry
